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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
HungaryHungary MNB Interest Rate Decison fell to 3.2% in November 2013
FMPMonthlyReleased November 2013
Hungary MNB Interest Rate Decison fell to 3.2% in November 2013, down 0.2% from October's 3.4% reading. The reading matched the 3.2% consensus. MNB Interest Rate Decison has now declined for 9 consecutive months. Over the past 3 months, MNB Interest Rate Decison averaged 3.5%, vs 4.02% in the prior 3-month window. MNB Interest Rate Decison is now the lowest in 8 months.
Latest Release
3.2
Actual
3.2
Consensus
3.4
Previous
Median Absolute Error
±0 percentage points
across last 9 releases
Last Call
Nov 2013
Predicted: 3.2
Actual: 3.2
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
MNB Interest Rate Decison (Hungary) was reported at 3.2% in November 2013. This matched the market consensus of 3.2% exactly. The reading fell from the previous value of 3.4%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.4%, down from the prior three at 4.02%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 9 releases, the Sigmacast model's median absolute error is 0%.
Auto-generated from current model state · Refreshes on each release · Last update November 2013.
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MNB Interest Rate Decison - HU
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About MNB Interest Rate Decison — Hungary
DEFINITION
The MNB Interest Rate Decision is a key financial indicator that reflects the monetary policy stance of the Magyar Nemzeti Bank (MNB), the central bank of Hungary. This decision, made by the MNB's Monetary Council, determines the benchmark interest rate for the country's financial system. It is closely monitored by investors, businesses, and policymakers as it can have a significant impact on the economy, inflation, and currency exchange rates. The MNB Interest Rate Decision is a crucial tool for managing the country's monetary policy and promoting economic stability.
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2013): actual 3.2 %, consensus 3.2 %. Prior reading (Oct 2013): 3.4 %. Before that (Sep 2013): 3.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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